Glacier Media (TSE:GVC) Trading Down 2.9% – Here’s What Happened

Glacier Media Inc. (TSE:GVC)’s share price traded down 2.9% on Tuesday . The company traded as low as C$0.34 and last traded at C$0.34. 11,001 shares traded hands during trading, a decline of 76% from the average session volume of 45,390 shares. The stock had previously closed at C$0.35.

Glacier Media Stock Performance

The firm has a market cap of C$45.90 million, a price-to-earnings ratio of 5.08 and a beta of 0.61. The firm’s 50 day moving average is C$0.35 and its 200-day moving average is C$0.33. The company has a debt-to-equity ratio of 21.58, a quick ratio of 1.23 and a current ratio of 0.78.

Glacier Media (TSE:GVC) last posted its earnings results on Thursday, May 7th. The company reported C($0.01) EPS for the quarter. Glacier Media had a negative return on equity of 89.90% and a negative net margin of 63.78%.The business had revenue of C$29.84 million for the quarter. Sell-side analysts anticipate that Glacier Media Inc. will post 0.07 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Mark Thomas Melville purchased 95,500 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of C$0.34 per share, for a total transaction of C$32,470.00. Following the purchase, the insider owned 359,864 shares in the company, valued at C$122,353.76. The trade was a 36.12% increase in their position. Company insiders own 61.79% of the company’s stock.

Glacier Media Company Profile

Glacier Media Inc offers information and marketing solutions. It operates in three segments Environmental, Property and Financial Information; Commodity Information; and Community Media. Environmental, Property and Financial Information includes the company’s business to business content, marketing solutions and data information products that are environmental, and property-related. The Commodity Information includes the business-to-business content, marketing solutions and data information products which are agriculture, energy and mining-related.